A project requires 2 years of detailed monthly forecasts followed by 3 years of less detailed annual forecasts. That’s driven by the quality of the forecast information available. There is a requirement to present the calculated results on an annual basis. How should the financial modeller prepare their timelines to cover the 5 years? Some… Read more
Confirming the original intention of the FAST Standard authors, the FAST Standard Organisation (“FSO”) is pleased to announce that version 02c July 2019 of the FAST Standard is now formally and legally made available under a Creative Commons Attribution 4.0 International Licence. This will allow anyone to copy, make use of and make changes to… Read more
I am pleased to announce that we have issued a new version of the FAST Standard. This incorporates the results of work undertaken to review and amend the FAST Standard’s guidance on Excel Names, with changes made to the following clauses: 3.03-08 Do not use Excel Names; and 4.03 Excel Names FAST Standard 02b June 2016… Read more
Over the last few months we’ve had some interesting questions posed on our LinkedIn group. We plan to share them regularly, to help modellers who are trying to apply the FAST standard. Below are some of the discussions, and the relevant links to the LinkedIn group.
On Tuesday, 17 June 2014, the Institute for Chartered Accountants in England and Wales (ICAEW) launched its “20 Principles for Good Spreadsheet Practice” at its headquarters, Chartered Accountants’ Hall in London.
On April 11th, F1F9 and Vair Training LLC will be co-presenting a free “Introduction to FAST” event in New York, hosted by Baker & McKenzie LLP.
This 5 minute film gives a flavour of the discussions that took place around the Standard itself, and the purpose of the independent standards organisation, the FSO.
On November 29th the launch event for the FAST Standard Organisation, or “FSO” took place in London.
In this short video, Alan Woods, President of Liverpool Members Network of the ACCA (the Association of Chartered Certified Accountants) gives his view on FAST.